Bitcoin and Ethereum Propel Crypto Markets to 2019 High in $10 Billion Surge
Crypto markets surge to new yearly highs; Bitcoin and Ethereum commanding things, Litecoin, EOS, Tezos and Cosmos all making.
Momentum has been pretty monumental over the past twelve hours or so in crypto markets. The top two heavyweights have both surged pushing total market capitalization up to a new 2019 high just shy of $190 billion. A further $9 billion has entered the space over the past 24 hours and key resistance levels have been broken.
Bitcoin touched a new yearly high of $5,950 a couple of hours ago. This is its highest price for almost half a year, before the big dump in November. The 4 percent surge on the day has lifted BTC market cap to $105 billion as volume pumps to $17 billion. There is a huge amount of resistance at $6k so a pullback is expected.
Ethereum (ETH) Stuck In Range Below Key Resistance, Bitcoin Struggling
Tuesday December 10, 2019
Ethereum is struggling to clear the key $152 resistance area against the US Dollar. The price is declining and it is now trading near the $146 support area. Yesterday’s major bullish trend line was...
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Bitcoin up nearly 5% today, nearing $6,000 pic.twitter.com/mDMMKF0aDc
— Joseph Young (@iamjosephyoung) May 7, 2019
Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze
Wednesday December 04, 2019
This morning, Bitcoin price fell to under $7,100 abruptly before the first-ever cryptocurrency exploded through resistance at $7,300 all the way to $7,700 before it began to finally cool off. Can bulls push Bitcoin...
The post Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze appeared first on 12bitplay - Bitcoin Play.
Ethereum has been boosted by the CTFC nod to the possibility of regulated futures contracts. Over the past 24 hours ETH has surged 12 percent to reach a high of $180 before pulling back slightly. It too is at crucial resistance above $177 but the momentum is with the top two at the moment.
There is a lot of green in the top ten during Asian trading this morning. None can outperform Ethereum at the moment but Litecoin, EOS and Cardano are all adding around 5 percent at the time of writing. Binance Coin has fallen back a little as traders get into altcoins again to catch the wave of fomo.
Top twenty gains are also pretty solid at the moment. Tezos is leading them with a 9 percent jump to $1.25. Monero, Cosmos and Maker are all up almost 6 percent and Tron, IOTA and Ethereum Classic are getting 4 to 5 percent back.
FOMO: ABBC Coin Cranking
Back at the top of the big one hundred is ABBC again adding 18 percent on the day. The only notices on their feed are regarding wallet security following individual hacks. ABBC is ranked at 57th with a market cap of $111 million and 1 billion coins in circulation.
Chainlink is doing well today with 14 percent gains and OmiseGO is getting a rare pump of 11 percent making OMG the third top performing altcoin at the time of writing. Still dumping is Maximine Coin which has lost another 6 percent today while most of the others have gained.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization surged to a 2019 high of $189 billion a couple of hours ago. Over $9 billion flooded back into markets, largely due to big moves by Ethereum and Bitcoin. Daily volume has surged to $55 billion and markets have made 12 percent since the same time last week.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Was The Bitcoin Pump and Dump More Market Manipulation?
Thursday December 05, 2019
Bitcoin has spent the best part of this week in a declining channel as it grinds lower towards $7k. A brief flurry of activity in late trading yesterday saw the digital asset surge over...
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